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Jlenok [28]
3 years ago
8

g at the close of its first year of operations, december 31, 2020, delaware company reported net realizable value of accounts re

ceivable of $1,620,000. during 2020,the company had charges to bad debt expense of $270,000 and wrote off, as uncollectible, accounts receivable of $120,000. what should the company report on its balance sheet at december 31, 2020, as accounts receivable before the allowance for doubtful accounts
Business
1 answer:
Alenkasestr [34]3 years ago
3 0

Answer:

$1,770,000

Explanation:

Given the above information, the computation of accounts receivable before the allowance is shown below;

= Beginning account receivable balance + Bad debt expense - Uncollectible accounts receivables

= $1,620,000 + $270,000 - $120,000

= $1,770,000

The bad debt is an expense hence will be added whereas the account receivable which is yet to be collected should be deducted the computation part.

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The Lucido Company’s 2026 Net Income is $170. Balance Sheets are given: 12/31/2 12/31/26Cash $40 $35Accounts Receivable 100 88Ma
Assoli18 [71]

Answer:

a.$218

Explanation:

Net cash used for investing activities can be calculated by taking the sum of cash inflows and outflows. As Lucido company sold the asset for $200 that will be an inflow for the company and as the machine value at the end of 2026 is $540 that means the company has purchased new machinery after selling the old one.

Cash flow from investing activities

Sale of machine                                         $122

Purchase of machine ($540 -$200)        -$340

Net cash used for investing activities    -$218

4 0
3 years ago
When thinking about a washing machine as a system, which of the following represents the inputs? Multiple Choice the dirty cloth
Over [174]

Answer: The dirty clothes, water and detergent

Explanation: Inputs are the resources that are put into the system to attain a desired output, that may have a value to someone. The output is the final commodity that one get at the end of the system.

If we see washing machine as a system then the cleaned clothes are the output from that system. The resources that are used to get the clothes cleaned such as dirty clothes, water and detergent are the inputs.

Hence from the above we can conclude that the correct option is A.

5 0
3 years ago
5. Describe a firm you think has been highly innovative. Which of the four types of innovation—radical, incremental, disruptive,
Irina18 [472]

Answer:

Apple is the most innovative brand on the face of this earth. It has created iPhone, Mac-book, iPod, iTunes etc. Steve Jobs made it one of the most innovative brand in the world, when he was alive Apple was using disruptive innovation, they were creating totally new and innovative products which the world had never seen before. The way they changed the cell phone industry was simply phenomenal. They came up with iPhone when there was no concept of doing all of your computing works on the phone. But after Steve Jobs, company has almost lost its innovative charm, they could not come up with a disruptive innovation, they have just kept on changing the size, price and features of their iPhone which means they are involved in incremental innovation since after the death of Steve Jobs.

3 0
3 years ago
Carlos has applied for a project manager position, but he is sight impaired to a serious degree from a childhood illness. He mus
soldier1979 [14.2K]

a. Yes, but only if the service dog is an undue hardship for AMPCO

b. Yes, the ADA applies only once someone is an employee (not in the hiring stage)

c. Yes, because Carlos cannot perform the essential functions of his position

d. No, the ADA requires AMPCO to allow the service dog regardless of the particular circumstances

e. No, because that would be a violation of Title VII

No, the ADA requires AMPCO to allow the service dog regardless of the particular circumstances

Answer: Option D.

<u>Explanation:</u>

According to the ADA act which stands for American disability act, it is illegal to refuse a well qualified person for a particular post just because on the basis of his disability.

The ADA act the american disability act prohibits any public or any private company or businesses from discriminating against people just because of their disability. Employees do not require any kind of documentation for their service dog.

7 0
4 years ago
An investor owns 5,000 shares of IBM stock, $105 per share. He thinks that there is no large rise and possible drop in price. Th
lutik1710 [3]

Answer:

If IBM stock price rises from $105 to $112, the profit associated with the passive strategy is $ 35,000 and the profit associated with the covered call writing strategy is $ 45,000 .

Explanation:

Shares = 5000

Price of shares = $105

Sell Price = $112

The profit associated with the passive strategy  = $(112 - 105) × 5000

= $ 35,000

Now with covered call also included in the strategy the profit/loss from covered call can be calculated as

Strike Price = $110

Spot Price = $112

Total Shares on which Call options are sold = 50 × 100 = $5000

Total Premium received = 5000 × 4 = $20000

(Spot Price - Strike Price ) × Total Shares

= $(112 - 110) × 5000

= $10,000

Hence Net Profit = Premium received - $10,000 = $20,000 - $10,000

= $ 10000

Hence the profit associated with the covered call writing strategy

= $35,000 + $10,000

= $ 45,000

5 0
4 years ago
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